The new patent relates to Tyfone’s u4ia mobile secure transaction platform which, the company says, “addresses today’s business need for high assurance identity authentication and secure access to electronic wallet information even if the mobile phone is not connected to the network at the time of transaction.”

“Apart from secure wallet information access benefits, the algorithm authenticates a user without the pitfalls of password hacking because there is no local storage of direct hashed password or password in the clear,” says Tyfone.